11/22-24 Tennyson Street
Parramatta, NSW 2150

Overview

11/22-24 Tennyson Street, Parramatta

This exceptional third-floor dual-key apartment offers a unique investment opportunity in a highly sought-after area of Parramatta. The property features two fully self-contained residences: a spacious one-bedroom apartment and a separate studio apartment, providing flexibility and strong rental potential.

The large one-bedroom unit includes a generously sized bedroom with built-in storage, an open-plan living and dining area, a modern bathroom, and a large kitchen. It also benefits from secure basement parking with a storage cage. Currently leased at $550 per week, the unit has a rental potential of $600 per week.

The separate studio apartment is well-appointed with a kitchenette, a light-filled bedroom, clever storage solutions, and a modern bathroom. It is currently leased for $365 per week, with a rental potential of $380 per week.

Together, the combined rental potential of these two residences is approximately $980 per week, with the current combined return at $915 per week, offering a gross rental yield of 7.5%. The property is situated within a well-maintained complex and includes secure parking.

The total area of the property is 105 square meters, with 87 square meters of internal living space.

Location highlights include proximity to public transport and key amenities: just 500 meters to the nearest bus stop, 1 kilometer to Western Sydney University, 1.6 kilometers to Doyle Ground, 2.2 kilometers to Parra Square, and 2.3 kilometers to Westfield Parramatta.

This dual-key apartment is ideal for investors seeking high yield or first home buyers looking to offset their mortgage with immediate rental income. The combination of flexibility, convenience, and strong rental return makes this property a rare find in the Parramatta market.

Location